skip to main content
  • *
  • *
  • *
Find Insight DIY on
* * *


Asda to invest over 500 million in 2012

Asda, the British arm of U.S. retailer Wal-Mart Stores, said on Monday it would invest over 500 million pounds this year, opening 25 new stores and three depots and creating up to 5,000 jobs.

Britain's second-biggest supermarket group behind Tesco also said it would extend and refurbish 43 existing stores.

The 25 new stores will add over 600,000 square feet of net selling space, through superstores, small format supermarkets and Asda Living outlets.

The three new depots will add capacity to the firm's logistics network so it can meet planned growth.

Asda currently trades from 528 UK stores and depots, employing over 180,000.

The firm has not yet updated on Christmas trading.

Earlier this month Tesco sent shockwaves through the sector when it reported a disappointing Christmas performance and issued a profit warning.

Source : James Davey & Adveith Nair – Reuters

23 January 2012
view more UK DIY News

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd

Don't miss out on all the latest, breaking news from the DIY industry